Beautiful Virgin Islands

Thursday, Aug 20, 2026

$3 Billion Pledged In New Funding During Virtual Global Covid Summit

$3 Billion Pledged In New Funding During Virtual Global Covid Summit

The United States crossed a grim milestone as the summit began, with the White House announcing that more than one million Americans have now died due to Covid

US President Joe Biden warned nations attending Thursday's virtual global summit on Covid that there was "still so much left to do" to quell the pandemic, as more than $3 billion in new funding was pledged.

The veteran Democrat may however be at pains to spearhead ambitious plans to vaccinate the world and stop the spread of the coronavirus, as Congress has so far refused to authorize billions of dollars in funding.

The United States crossed a grim milestone as the summit began, with the White House announcing that more than one million Americans have now died due to Covid, the pandemic's highest recorded casualties in the world.

In his remarks to the summit, Biden said that while progress had been made on global vaccinations and delivering medical equipment to countries in need, "there's still so much left to do. This pandemic isn't over."

"We all must do more. We must honor those we have lost by doing everything we can to prevent as many deaths as possible," the US leader said.

The White House announced that the summit had "garnered new financial commitments totaling more than $3 billion in new funding... above and beyond pledges made to date in 2022."

More than $2 billion of that total will go towards "immediate" Covid response, while $962 million has been committed to a World Bank fund for pandemic preparedness and global health security.

The United States pledged another $200 million to that fund, raising its contribution to $450 million.

"We want to prevent complacency. The pandemic is not over," a senior US official said of Thursday's meeting, which follows a first global huddle last September.

So far, the worldwide Covid casualties stands at more than six million people.

The virtual gathering was co-chaired by the United States, along with current G7 president Germany, G20 president Indonesia, African Union chair Senegal, and Belize, the current chair of the CARICOM Caribbean grouping.

'Loud call' to Congress


Unlike last September, when Biden challenged partners to surge vaccines worldwide and get 70 percent of every country vaccinated by September of this year, the US government came to Thursday's session hobbled by an inability to secure even its own funding.

Biden has requested another $22.5 billion in emergency Covid money, including $5 billion for the administration's signature international program, which has seen some 500 million vaccine doses shipped to more than 100 countries.

After debate, preliminary agreement was reached in the legislature on spending just $10 billion, with nothing for the foreign vaccines.

"You will hear a loud call" to Congress, the US official said. "We know the virus is not waiting for Congress. So we need urgent, urgent action."

Opponents in Congress have been especially concerned about funding foreign vaccinations, but the senior official argued that when a new virus variant strikes, it is likely to start abroad before hitting the United States.

"Without additional emergency Covid-19 funding, the United States will be unable to purchase additional life-saving treatments for the American people," the official said.

"The United States will be less able to stop the spread of dangerous new variants from around the world and the United States will be unable to keep vaccinating the world against Covid."

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Suspected People Smuggler Arrested After Investigation Identified Him
Children's Doctors Warn That Vaping Can Lead Young People to Smoking
Hundreds of Thousands of Students Receive GCSE and Vocational Results Across England, Wales and Northern Ireland
Here Is What Can Never Happen in Your Country: Taiwan Is Giving Money to All Its People Because It Collected Too Much Tax
UK Inflation Rises to 2.9% as Energy Bills Jump
UK Issues New Conduct Guide for Asylum Seekers on Consent and Respect
A Sleepless Night on Wall Street: Nasdaq to Begin Nearly Round-the-Clock Trading
"The First in the World": 69-Year-Old Protested Artificial Intelligence—and Went to Jail
Ukraine's Ousted Defence Minister Calls for Wartime Presidential Election
China’s Lifelike AI Humans Move From Livestreams Into Real-World Service Roles
Sarah Ferguson Reportedly Retreats to Late Ex-Boyfriend's Swiss Chalet
Cristiano Ronaldo and Georgina Rodríguez Sign Prenup Protecting Their Separate Fortunes
Thieves Steal Antonello da Messina Renaissance Masterpieces From Sicilian Museum
Better.com Founder Who Fired 900 Employees on Zoom Is Ousted as CEO
Italian Speed Camera Issues Nearly 32,000 Fines in 10 Weeks, Worth More Than €3 Million
AI Manager at San Francisco Store Recommends Firing Human Employee
Google Launches Pixel 11 With Gemini AI at the Center of Its Hardware Strategy
Reform UK Unveils Plan to Cut Welfare Spending by More Than £50 Billion a Year
Prime Minister Andy Burnham Praised Extinction Rebellion for Doing a 'Great Service'
UK Wildfire Phone Alert Triggers Backlash as Users Switch Off Emergency Warnings
Heathrow Roads Reopen After Burst Water Main Floods Access to Terminals 2 and 3
Former NBA Players Enes Kanter Freedom and Royce White Say They Will Enter 2027 WNBA Draft
Former Cambridge Professor Jason Arday Found Dead Days After Resigning Amid Plagiarism Row
US Appeals Court Rules AI Agent's Website Actions Are Legally Attributed to the User
France's Constitutional Council Blocks Social Media Ban for Children Under 15
Liechtenstein Changes Royal Succession Rules to Allow Women to Inherit the Throne
Women Allege Rape and Sexual Abuse at British Army College for Teenage Recruits
Minnesota: Two independent investigators posed as Muslims (one wearing a burqa) and showed how they could vote in elections without identification.
China’s Kimi Launches AI-Focused Credit Card With Agricultural Bank of China and American Express
Former Labour Adviser Arrested on Suspicion of Spying for China Held Privileged Access as Top Party Donor
Turkish Parliament Passes Landmark Bill Granting Conditional Amnesty to Disarmed PKK Members
Donald Trump Warns FIFA Against Ousting Gianni Infantino Amid Revolt by Global Football Leaders
Jeff Bezos Joins Investor Group Closing In on $6 Billion Liverpool FC Stake
UK Councils to Receive Sweeping Planning Powers to Ban New Vape and Betting Shops
Russia’s A7 Builds a State-Linked Payments Network Beyond Western Sanctions
Hyper-Realistic Reborn Dolls Draw Collectors Seeking Comfort and Craft
Gen Z Cuts Back on Dating as a Night Out Nears $200
Patients Turn to Artificial Intelligence for Therapy as Psychiatrists Warn of Privacy and Clinical Risks
Couples Embrace ‘Sleep Divorce’ to Protect Rest and Reduce Tension
Meta Ordered to Pay $567 Million and Change Facebook and Instagram Safeguards for Children
Up to only 10 Months in Prison for Swedish Officer’s Murderer Sparks Anger
Success: Nvidia Turned Gaming Chips Into the Engine of the AI Boom
Jorge Messi, Lionel Messi’s Father and Longtime Agent, Dies at 68
AI’s Next Bottleneck Is Power, Not Just Nvidia Chips
Advertising trick: Pepsi’s Harrier Jet Commercial Led to a $700,000 Court Fight
Meta Raises AI Spending Target to as Much as $145bn Despite Pressure Over Returns
Danube Drought Exposes Nazi Wrecks and Pushes Central Europe’s Power System to the Brink
Joe Biden’s Cancer Has Spread Beyond His Bones, Hunter Biden Says
Air Traffic Control Outage Grounded Flights Across the Midwest
Why 2027 Could Be a Strong Year for Stocks—and Why the Forecast Is Fragile
×